1 Real Estate Law
1.1 Please briefly describe the main laws that govern real
estate in your jurisdiction. Laws relating to leases of
business premises should be listed in response to question
10.1. Those relating to zoning and environmental should be
listed in response to question 11.1.
India is a quasi-federal state and all legislative,
administrative and executive powers are divided between the
government at the centre and each state government, respectively.
The main central laws that govern real estate in India are as
follows:
(a) The Indian Contract Act, 1872 [Act No.
IX of 1872]: The Indian Contract Act, 1882 inter alia specifies the
laws governing contracts between parties.